News and tips on tackling debt, living on a debt plan and other debt matters
Make sure you understand the vital difference between arrears and default letters
Posted 13 April 2017 by Christine Walsh
Make sure you know whether you’ve got an arrears letter or a default notice.
People in debt to be given ‘breathing space’ to get help
Posted 10 November 2017 by Christine Walsh
Plans for up to six weeks ‘breathing space’ for people in debt, announced by The Treasury.
Worried about CCJs? You need to know about this letter
Posted 17 October 2017 by Christine Walsh
Creditors have to send a Letter before Claim before they can take you to court. Learn more here.
Can you settle your debts and pay less?
Posted 14 June 2017 by Christine Walsh
It’s sometimes possible to clear your debts with a lump sum of money, even if you don’t have enough to repay everything you owe. If your lenders agree to accept the lower amount, this is known as a ‘partial’ or ‘full and final’ settlement.
More breathing space for people in debt could be on the horizon
Posted 13 June 2017 by Christine Walsh
Both Labour and the Conservatives pledged more breathing space for those struggling with debts. We have a look at what could change for people struggling with debts, now we know the result of the election.
To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.